Question
A 30-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 18%. Required: Find the bond equivalent (YTM) and
| A 30-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 18%. |
| Required: |
| Find the bond equivalent (YTM) and effective annual (EAY) yield to maturity of the bond for the bond prices $1,000, $1,000, $1,100. (Round your answers to 2 decimal places. Omit the "%" sign in your response.) |
| Bond equivalent annual yield to maturity (YTM) | Effective annual yield to maturity (EAY) | |
| $1,000 | % | % |
| $1,000 | % | % |
| $1,100 | % | % |
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Finance For Normal People
Authors: Meir Statman
1st Edition
019062647X, 978-0190626471
